The category set aside for retail investors was oversubscribed 1.10 times.

The price band for the offer is Rs 250-257 per share.

The company on Tuesday raised nearly Rs 350 crore through issuance of shares to anchor investors.

Tejas Networks is into developing and selling high- performance products to telecommunications service providers, utility companies, defence firms and government entities, among others, spread over 60 countries.

The IPO comprises a fresh issue of shares worth Rs 450 crore and an offer for sale of up to 1.27 crore shares.